$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2776 after breaking up in a well built downtrend. We are bullish but we have not set the bottom of the trend wall yet to the upside. The 1.2624 is the Day chart bottom which could very easily be the target if the bears come back. Will expect a pullback or sideways move to set the NEW bottom trendline and then a break above the R3 @1.2787. Upper target this week is R5 @ 1.3020. The average daily true range (ATR) for the cross currently is 94 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 79.08 on the -0.270 fib extension. The cross could go either way but a continuation is our current favored position on that bottom. Targets down are the Day chart bottom @ 78.30 and then the confluence @ 78.10. The average daily true range (ATR) for the cross currently is 54 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.5831 just above the .786 Fibo. We had a break of the very steep downtrend form the break of the day chart line but no deep correction which hints at a continued bullish move to the .500 Fibo @ 1.5928. A breakdown there targets the S6 @ 1.5693. The average daily true range (ATR) for the cross currently is 106 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: We are currently @ 0.9816 and below the day chart bottom and very close to filling the gap @0.9776-0.9793. A bounce could happen after that back to the 1.0005 area. A breakdown look to the -1.270 fib extension @ 0.9634. The average daily true range (ATR) for the cross currently is 90 pips.
